So, how is the real estate market????

I’m frequently asked, “How’s the market?”

Obviously there are several ways to answer the, “how’s the market?” question. This month I have done some research to provide a glimpse into the available single family inventory for sale in different towns. Simply put, this is the amount of supply (in months) for sale in each town.

Using the total sales during that last 6 months, compared to the number of single family listings currently for sale, I have shown the supply for each town. A town with 5 months of supply or less is considered to be a seller’s market. And a town with 6 months or more, is considered to be a buyers market.

Wellesley: 8 months supply
Weston: 20 months supply
Wayland: 15 months supply
Needham: 9 months supply
Westwood: 15 months supply
Natick: 6 months supply
Brookline: 11 months supply

What does this mean??? All of these towns have a
buyer’s market… HOWEVER… while this is a GREAT time to be a BUYER… It is also a great time to be a SELLER with an accurately priced property.

Search All MA Listings

Please call me with any related questions, or for more details about your town, property – or a town of interest. Or if you know someone who might be interested in getting some real estate advice.

Advertisements

About Brad Hartz
I am the owner of Hartz Real Estate, a Massachusetts residential real estate sales company specializing in houses and condominiums.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: